Articles
Crypto Market Analysis

Crypto ATM losses surge 33% in 2025 as AI superpowers scams: CertiK

User Image

Door Anoniem

Gemaakt March 12, 2026|2 minuten leestijd
Main Image

Crypto ATMs or kiosks are the “lowest-friction extraction channel available to scammers,” said cybersecurity firm CertiK.

Crypto ATM fraud surged to $333 million in the US in 2025, with complaints received by the FBI growing 33% in the year as scam networks became more industrialized while tapping into advanced AI deepfake technology.

Crypto ATM fraud is one of the fastest-growing financial crime categories in the US, according to cybersecurity firm CertiK in its latest report shared with Cointelegraph on Thursday, explaining that criminal organizations are exploiting the “speed and pseudonymity” of crypto ATMs or “kiosks” to extract funds from victims at an accelerating pace.

The FBI recorded more than 12,000 complaints between January and November 2025, also a 33% increase from the prior year. The US accounts for 78% of the world's 45,000 cryptocurrency machines, said CertiK. 

Their ability to convert cash to crypto in under five minutes with minimal identity verification “makes them the lowest-friction extraction channel available to scammers,” the firm added. 

The report also noted that there was an “attribution gap” because the blockchain only records the operator-to-destination transfer, not the victim’s identity. This makes forensic tracing extremely difficult without court orders for operator records.

Around 86% of losses involve victims over 60, as older adults are disproportionately vulnerable due to “liquid savings,” lower crypto literacy, and social isolation.

However, younger victims are increasingly appearing in romance or investment scams, commonly known as “pig butchering,” which is one of five primary tactics used by scammers.

The other four approaches are government impersonation, tech support fraud, “grandparent scams,” and fake fraud recovery offers.

Related: DC attorney general sues Athena Bitcoin over alleged hidden fees

Unlike phishing or wallet-draining attacks, which involve compromising private keys or tricking users into signing malicious smart contract requests, ATM-based fraud “relies entirely on social engineering to induce the victim to perform a voluntary physical action at a kiosk,” stated CertiK. 

AI-enabled social engineering scams were 4.5 times more profitable than traditional methods in 2025, reported CertiK.

The integration of “real-time deepfake synthetic media” into scam and fraud operations represents the most “significant near-term escalation,” it stated. 

The profile of crypto ATM scammers has also shifted from independent actors to structured transnational criminal organizations operating with corporate-level divisions of labor, according to CertiK.

Wyoming Senator Cynthia Lummis said in September that she hopes the crypto market structure legislation will help tackle ATM fraud by punishing bad actors without limiting innovation.

In February 2025, US Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act, aiming to introduce safeguards for crypto kiosk users.

Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express

Source: CoinTelegraph


Andere artikelen die recentelijk zijn gepubliceerd

Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply
Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply

Ethereum

The company expanded its ETH treasury while Chairman Tom Lee pointed to Robinhood Chain's rapid grow...

UK Treasury report on tokenization cites Ripple as convergence model
UK Treasury report on tokenization cites Ripple as convergence model

Crypto Market Analysis

A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms t...

Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report
Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report

Bitcoin

Major cryptocurrencies have dropped by 2% or more in 24 hours as traders boosted bets of a July Fed ...

Solo bitcoin miner makes $200,000 using $150 equipment
Solo bitcoin miner makes $200,000 using $150 equipment

Bitcoin

Solo Bitcoin mining has surged, with 24 blocks found in the past 12 months, a 41% increase year over...

CLARITY Act gains second law enforcement endorsement before Senate push
CLARITY Act gains second law enforcement endorsement before Senate push

Crypto Market Analysis

The Federal Law Enforcement Officers Association expressed support for the CLARITY Act but urged cha...

Thai scammer's $122M wallet, Japan embraces crypto credit: Asia Express
Thai scammer's $122M wallet, Japan embraces crypto credit: Asia Express

Bitcoin

Bitcoin backed mortgages and stablecoin yield are hot topics in Japan right now, as Hyundai experime...